08 February 2018 – As part of its lecture series, the Energy Policy and Development Program (EPDP) conducted a forum which revolved on the topic Optimal Investment Decisions in Generation with AC Energy President and CEO Eric Francia as resource speaker. In a case study approach, Francia shared the inspiration behind Ayala group’s entry to…
07 February 2018 – Discussing the country’s energy policies at the Asia CEO Forum, AC Energy President and CEO Eric T. Francia emphasized the importance of speeding up the passage of the bill on competitive selection process (CSP) referring to Senate Bill 1306 or the Energy Procurement Act of 2016. “We need the competitive selection…
For the fourth straight year, North Luzon Renewables (NLR) received the “Corporate Safety and Health Excellence Award” from the Safety & Health Association of the Philippine Energy Sector, Inc. (SHAPES) and the Department of Energy (DOE) for operating without lost time accident (LTA) from the period November 2016 to October 2017. In a ceremony held…
January 23, 2018 — Ayala’s energy platform, AC Energy, was recently named the “fastest growing energy platform” by London-based International Finance Magazine. Eric Francia, President and CEO of AC Energy, accepted the award at the event held at Marina Bay Sands, Singapore. The award was given in recognition of the company’s 20-fold growth from 80MW…
19 January 2018 – Ayala Corporation’s board of directors approved the restructuring of Ayala’s energy business that will result in the creation of two wholly owned platforms, Renewable Energy and Thermal Energy. The restructuring will be undertaken through the following steps: 1. Creation of a new holding company: AC Renewables Inc. 2. Transfer of renewable…
The acquisition by the consortium of AC Energy, Group Holdings Pte. Ltd., Star Energy Geothermal Pte. Ltd., and Electricity Generating Public Company Ltd. of the Chevron geothermal facilities in Indonesia received multiple recognitions from four major financial research firms in Southeast Asia. The deal was awarded by The Asset as Best M&A and Best Acquisition…
13 December 2018 – GNPower Dinginin Ltd. Co., a Philippine limited partnership of AC Energy, Therma Power and Power Partners, achieved financial close for the project financing of the second unit of its 2 x 668 MW super-critical coal fired power plant, in Dinginin, Bataan (the “GNPD Project”). AC Energy is a wholly owned subsidiary…
Ayala Corporation President and COO and AC Energy Chairman Fernando Zobel de Ayala, together with the top executives of AC Energy and its partner UPC Renewables, visited the site of the 75-MW wind power project in Sidrap, South Sulawesi, Indonesia on November 8. UPC Chairman Brian Caffyn meets Fernando Zobel de Ayala in SidrapThe Sidrap…
Far from commercial grids and power lines, the island of Tawi-Tawi sits at the southernmost part of the Philippines. In this remote province, only 30% of the population has access to electricity, which is predominantly sourced from diesel generators. Due to the unstable electricity supply, the island experiences rolling blackouts that stunt the progress and…
SOUTH SULAWESI — Indonesia’s first utility-scale wind farm’s construction stays on track, nearing 70% completion and is expected to be ready for commercial operations in the first quarter of 2018. PT UPC Sidrap Bayu Energi (UPC Sidrap), the project company, has started the installation of 30 Gamesa G114 2.5MW wind turbine generators since August 2018….
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